Artificial Intelligence & Algorithms – The Smarter way to Fleet and Asset Management
The impression of Artificial Intelligence (AI) changing the entire automotive industry is not new, specifically the optimization of telematics and self-driving technology. But, how is this technology going to affect the fleet and asset management is what fleet managers are questioning. Artificial Intelligence, machine learning, analytics, and algorithms are playing an essential role in changing the fleet management industry landscape.
While it might take another ten years for self-driving trucks and fleet, rule the highways but that is not going to change the fact that Artificial Intelligence and algorithms have already started to make a difference to the fleet management industry which is being welcomed by the fleet managers. Early adopters are going to be in the driver’s seat and will have the upper hand over competitors with an optimized and technologically advanced fleet management system.
With the help of Artificial Intelligence recording driving behavior, aversion of accidents through improved active safety and enhanced traffic condition, smart driving, etc. have become possible. AI is expected to take driving and safety of fleet drivers to the next level by deploying advanced safety features like the ability to understand road-sign, auto-braking, lane-deviation, among others.
Internet of Things and AI are connecting fleet and drivers to the enterprise system in real-time. This is revolutionizing the way fleets managed traditionally in the past with new and innovative technology. The intelligent fleet has transformed labor-intensive, manual and time-consuming steps into automated processes which have added efficiencies visible in asset utilization. Integration of AI into telematics has open up opportunities for fleet managers who have started using AI-powered technology to collect and process real-time information related vehicle location, fuel usage, speed, and insights into driver behaviour.
Cloud for the Fleet
Benefits of cloud computing make it the perfect platform for deploying Artificial Intelligence in the field of fleet management. Fast processing speed, access to big data, algorithms & analytics, and better connectivity are some the features of cloud computing. Fleet managers might find it as a surprise, but activities such as banking and purchasing online are already being conducted using the cloud. Fleet managers can use the cloud to various plug-in cloud-based services like fuel scorecard, roadside assistance, fleet management systems, accounting among others. Using cloud gives access to latest technology without spending the high budget on owning and managing own hardware and software.
Smarter ways to manage risk
Artificial Intelligence and machine learning can be used to track alertness of truck drivers, narrowly avoided accidents and unsafe driving habits. Technology is already being used to detect tiredness signs of drivers and want them that they need to take a break. By tracking driver behavior, fleet managers can identify drivers who are prone to risky driving habits and take necessary actions before a mishap occurs.
With the help of AI-based devices installed in the fleet, drivers can use voice command to send and receive emails, do internet searches, locate nearest gas stations, and interact with a smartphone. It also gives fleet managers better control over their fleet by analyzing real-time information, so they can proactively take steps to optimize their fleet.
The potential of AI and algorithms in the field of fleet management is limitless which is going to change the landscape of fleet management forever in the next decade or so. The points mentioned above are some of the immediate benefits that are driven by Artificial Intelligence and has opened a wealth of new opportunities for fleet managers for better management and optimization of their fleet.